The Economy Of Puerto Rico

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The Economy of Puerto Rico

Author : Susan M. Collins
Publisher : Rowman & Littlefield
ISBN 13 : 9780815715603
Total Pages : 632 pages
Book Rating : 4.7/5 (156 download)

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Book Synopsis The Economy of Puerto Rico by : Susan M. Collins

Download or read book The Economy of Puerto Rico written by Susan M. Collins and published by Rowman & Littlefield. This book was released on 2007-08-29 with total page 632 pages. Available in PDF, EPUB and Kindle. Book excerpt: A non-incorporated territory of the United States, Puerto Rico operates under U.S. legal, monetary, security and tariff systems. Despite sharing in these and other key U.S. institutions, Puerto Rico has experienced economic stagnation and large scale unemployment since the 1970s. The island's living standards are low by U.S. standards, with a per capita income only half that of Mississippi, the poorest state. While many studies have analyzed the fiscal implications of Puerto Rico's political relationship with the United States, little research has focused broadly on the island's economic experience or assessed its growth prospects. In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the island's economic development. To frame the current situation, the contributors begin by assessing Puerto Rico's past experience with various growth policies. They then analyze several reforms and new initiatives in labor, education, entrepreneurship, fiscal policy, migration, trade, and financing development, which they incorporate into a proposed strategy for jumpstarting Puerto Rican economic growth. Contributors include Gary Burtless (Brookings Institution); Orlando Sotomayor, Luis Rivera-Batiz, Ramón Cao, Maria Enchautegui, José Joaquín Villamil, Eileen Segarra, Marinés Aponte, and Juan Lara (University of Puerto Rico); Richard Freeman and Robert Lawrence (Harvard University); Helen Ladd (Duke University); Francisco Rivera-Batiz (Columbia University); Steven Davis and Bruce Meyer (University of Chicago); James Alm (Georgia State University); Ingo Walter, Rita Maldonado-Bear, and William Baumol (New York University); Belinda Reyes (University of California, Merced); Alan Krueger (Princeton University); Carlos Santiago (University of Wisconsin); David Audretsch (Indiana University); Ronald Fisher (Michigan State University); Fuat Andic (UN Advisor); Arturo Estrella (NY Federal Reserve); James Hanson and Daniel Lederman (World Bank); James Dietz (University of California, Fullerton); and Katherine Terrell (University of Michigan).

The Economy of Puerto Rico

Author : Susan M. Collins
Publisher : Rowman & Littlefield
ISBN 13 : 0815715609
Total Pages : 628 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis The Economy of Puerto Rico by : Susan M. Collins

Download or read book The Economy of Puerto Rico written by Susan M. Collins and published by Rowman & Littlefield. This book was released on 2007-08-29 with total page 628 pages. Available in PDF, EPUB and Kindle. Book excerpt: A non-incorporated territory of the United States, Puerto Rico operates under U.S. legal, monetary, security and tariff systems. Despite sharing in these and other key U.S. institutions, Puerto Rico has experienced economic stagnation and large scale unemployment since the 1970s. The island's living standards are low by U.S. standards, with a per capita income only half that of Mississippi, the poorest state. While many studies have analyzed the fiscal implications of Puerto Rico's political relationship with the United States, little research has focused broadly on the island's economic experience or assessed its growth prospects. In this innovative new book, economists from U.S. and Puerto Rican institutions address a range of major policy issues affecting the island's economic development. To frame the current situation, the contributors begin by assessing Puerto Rico's past experience with various growth policies. They then analyze several reforms and new initiatives in labor, education, entrepreneurship, fiscal policy, migration, trade, and financing development, which they incorporate into a proposed strategy for jumpstarting Puerto Rican economic growth. Contributors include Gary Burtless (Brookings Institution); Orlando Sotomayor, Luis Rivera-Batiz, Ramón Cao, Maria Enchautegui, José Joaquín Villamil, Eileen Segarra, Marinés Aponte, and Juan Lara (University of Puerto Rico); Richard Freeman and Robert Lawrence (Harvard University); Helen Ladd (Duke University); Francisco Rivera-Batiz (Columbia University); Steven Davis and Bruce Meyer (University of Chicago); James Alm (Georgia State University); Ingo Walter, Rita Maldonado-Bear, and William Baumol (New York University); Belinda Reyes (University of California, Merced); Alan Krueger (Princeton University); Carlos Santiago (University of Wisconsin); David Audretsch (Indiana University); Ronald Fisher (Michigan State University); Fuat Andic (UN Advisor); Arturo Estrella (NY Federal Reserve); James Hanson and Daniel Lederman (World Bank); James Dietz (University of California, Fullerton); and Katherine Terrell (University of Michigan).

Boom and Bust in Puerto Rico

Author : A. W. Maldonado
Publisher : University of Notre Dame Pess
ISBN 13 : 0268200998
Total Pages : 318 pages
Book Rating : 4.2/5 (682 download)

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Book Synopsis Boom and Bust in Puerto Rico by : A. W. Maldonado

Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by University of Notre Dame Pess. This book was released on 2021-08-01 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who is to blame for the economic and political crisis in Puerto Rico—the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an economic miracle. Under Operation Bootstrap in the 1950s and '60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a “wonder of human history,” a far cry from the economic “death spiral” the island’s governor described in 2015. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government’s shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the century of misunderstanding between Puerto Rico and the United States—the root cause of the economic crisis and the island’s gridlocked debates about its political status—Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.

Restoring Growth in Puerto Rico

Author : Susan M. Collins
Publisher : Rowman & Littlefield
ISBN 13 : 0815715595
Total Pages : 152 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Restoring Growth in Puerto Rico by : Susan M. Collins

Download or read book Restoring Growth in Puerto Rico written by Susan M. Collins and published by Rowman & Littlefield. This book was released on 2007-08-29 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a territory of the United States, Puerto Rico enjoys the benefits of key U.S. legal, monetary, security, and tariff systems, and its residents are U.S. citizens. In the decades following World War II, Puerto Rico emerged as one of the world's fastest-growing economies. From 1950 to 1970 per capita income nearly doubled as a percentage of the U.S. average, making the island the richest economy in Latin America. Since the mid-1970s, however, labor force attachment has declined, economic growth has slowed, and the island's living standards have fallen further behind those on the mainland. Today more than half of all Puerto Rican children live below the U.S. poverty level. Why did Puerto Rico's economic progress stall? And more important, what can be done to restore growth? A number of overlapping concerns—labor supply and demand, entrepreneurship, the fiscal situation, financial markets, and trade——are at the heart of its economic difficulties. This is a companion volume to Restoring Growth: The Economy of Puerto Rico (Brookings, 2006), in which economists from Puerto Rico and the United States examine the island's economy and propose strategies for sustainable growth. This monograph summarizes the analyses published in that volume and presents a set of policy recommendations to increase employment, improve education, upgrade infrastructure, and fix government finances. Contributors include James Alm (Georgia State University), Barry P. Bosworth and Gary Burtless (Brookings Institution), Susan M. Collins (Brookings Institution and Georgetown University), Steven J. Davis (University of Chicago), María E. Enchautegui, Juan Lara, Luis A. Rivera- Batiz, and Orlando Sotomayor (University of Puerto Rico), Richard B. Freeman and Robert Z. Lawrence (Harvard University), Helen F. Ladd (Duke University), Rita Maldonado-Bear and Ingo Walter (New York University), Francisco L. Rivera-Batiz (Columbia University), and Miguel A. Soto-Class (Center for the New Economy).

Economic History of Puerto Rico

Author : James L. Dietz
Publisher : Princeton University Press
ISBN 13 : 0691186898
Total Pages : 374 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis Economic History of Puerto Rico by : James L. Dietz

Download or read book Economic History of Puerto Rico written by James L. Dietz and published by Princeton University Press. This book was released on 2018-06-05 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is a comprehensive and detailed account of the economic history of Puerto Rico from the period of Spanish colonial domination to the present. Interweaving findings of the "new" Puerto Rican historiography with those of earlier historical studies, and using the most recent theoretical concepts to interpret them, James Dietz examines the complex manner in which productive and class relations within Puerto Rico have interacted with changes in its place in the world economy. Besides including aggregate data on Puerto Rico's economy, the author offers valuable information on workers' living conditions and women workers, plus new interpretations of development since Operation Bootstrap. His evaluation of the island's export-oriented economy has implications for many other developing countries.

Status of Puerto Rico: Economic factors in relation to the status of Puerto Rico

Author : United States-Puerto Rico Commission on the Status of Puerto Rico
Publisher :
ISBN 13 :
Total Pages : 808 pages
Book Rating : 4.A/5 ( download)

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Book Synopsis Status of Puerto Rico: Economic factors in relation to the status of Puerto Rico by : United States-Puerto Rico Commission on the Status of Puerto Rico

Download or read book Status of Puerto Rico: Economic factors in relation to the status of Puerto Rico written by United States-Puerto Rico Commission on the Status of Puerto Rico and published by . This book was released on 1966 with total page 808 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Puerto Rico's Economic Future

Author : Harvey S. Perloff
Publisher : New York : Arno Press
ISBN 13 : 9780405062285
Total Pages : 498 pages
Book Rating : 4.0/5 (622 download)

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Book Synopsis Puerto Rico's Economic Future by : Harvey S. Perloff

Download or read book Puerto Rico's Economic Future written by Harvey S. Perloff and published by New York : Arno Press. This book was released on 1975 with total page 498 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Economic Study of Puerto Rico

Author : United States. Department of Commerce. Interagency Study Group
Publisher :
ISBN 13 :
Total Pages : 1122 pages
Book Rating : 4.:/5 (319 download)

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Book Synopsis Economic Study of Puerto Rico by : United States. Department of Commerce. Interagency Study Group

Download or read book Economic Study of Puerto Rico written by United States. Department of Commerce. Interagency Study Group and published by . This book was released on 1979 with total page 1122 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Labor Markets and Multinational Enterprises in Puerto Rico

Author : Ahmad H. Juma'h
Publisher : Springer
ISBN 13 : 331917178X
Total Pages : 63 pages
Book Rating : 4.3/5 (191 download)

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Book Synopsis Labor Markets and Multinational Enterprises in Puerto Rico by : Ahmad H. Juma'h

Download or read book Labor Markets and Multinational Enterprises in Puerto Rico written by Ahmad H. Juma'h and published by Springer. This book was released on 2015-05-05 with total page 63 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book expresses the reasons to embark on a production management system and begin a journey to a better social and economic life in Puerto Rico. Among the population of Puerto Rico there is a simultaneous presence of a high rate of unemployment and a well-educated workforce. How has this happened? How could the country overcome this economic situation and return to a path of sustainable economic growth in the short and long term? The study here presented introduces an objective and scientific input on these economic issues that are impacting the Puerto Rican society. Achieve greater economic and social welfare in a geographic area is based on increasing individual productivity that workers and employees can unfold in different workplaces, business and industries. The increase in productivity of the economy of Puerto Rico requires both individual effort and enterprise work.

Inside the Puerto Rico Economy

Author :
Publisher : Inside Puerto Rico Economy
ISBN 13 : 1563283379
Total Pages : 29 pages
Book Rating : 4.5/5 (632 download)

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Book Synopsis Inside the Puerto Rico Economy by :

Download or read book Inside the Puerto Rico Economy written by and published by Inside Puerto Rico Economy. This book was released on 2007 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: This collection of 120 short economic essays explores challenging aspects of the island's economy and provides insights for leaders in business, government, academia, non-profits, and other entities.

Agrarian Puerto Rico

Author : César J. Ayala
Publisher : Cambridge University Press
ISBN 13 : 1108488463
Total Pages : 327 pages
Book Rating : 4.1/5 (84 download)

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Book Synopsis Agrarian Puerto Rico by : César J. Ayala

Download or read book Agrarian Puerto Rico written by César J. Ayala and published by Cambridge University Press. This book was released on 2020-01-30 with total page 327 pages. Available in PDF, EPUB and Kindle. Book excerpt: Challenges dominant interpretations of colonialism's impact on the economy and social structuring of a US-owned Caribbean colony.

Island Paradox

Author : Francisco Rivera-Batiz
Publisher : Russell Sage Foundation
ISBN 13 : 1610444736
Total Pages : 211 pages
Book Rating : 4.6/5 (14 download)

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Book Synopsis Island Paradox by : Francisco Rivera-Batiz

Download or read book Island Paradox written by Francisco Rivera-Batiz and published by Russell Sage Foundation. This book was released on 1996-11-21 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: "One of the year's best books on Puerto Rico."—El Nuevo Dia, San Juan "[The authors] are highly regarded labor economists who have written extensively and intelligently in the past, and again in this volume, on Puerto Rican migration and labor markets... There isabundant statistical data and careful analysis, some of which challenges the conventional wisdom. Highly recommended." —Choice Island Paradox is the first comprehensive, census-based portrait of social and economic life in Puerto Rico. During its nearly fiftyyears as a U.S. commonwealth, the relationship between Puerto Rico's small, developing economy and the vastly larger, more industrialized United States has triggered profound changes in the island's industry and labor force. Puerto Rico has been deeply affected by the constant flow of its people to and from the mainland, and by the influx of immigrant workers from other nations. Distinguished economists Francisco Rivera-Batiz and Carlos Santiago provide the latest data on the socioeconomic status of Puerto Rico today, and examine current conditions within the context of the major trends of the past two decades. Island Paradox describes many improvements in Puerto Rico's standard of living, including rising per-capita income, longer life expectancies, greater educational attainment, and increased job prospects for women. But it also discusses the devastating surge in unemployment. Rapid urbanization and a vanishing agricultural sector have led to severe inequality, as family income has become increasingly dependent on education and geographic location. Although Puerto Rico's close ties to the United States were the major source of the island's economic growth prior to 1970, they have also been at the root of recent hardships. Puerto Rico's trade andbusiness transactions remain predominantly with the United States, but changes in federal tax, social, and budgetary policies, along with international agreements such as NAFTA, now threaten to alter the economic ties between the island and the mainland. Island Paradox reveals the social and family changes that have occurred among Puerto Ricans on the island and the mainland. The significant decline in the island's population growth is traced in part to women's increased pursuit of educational and employment opportunities before marrying. More children are being raised by singleparents, but this stems from a higher divorce rate and not a rise in teenage pregnancy. The widespread circular migration to and from the United States has had strong repercussions for the island's labor markets and social balance, leading to concerns about an island brain drain. The Puerto Rican population in the United States hasbecome increasingly diverse, less regionally concentrated and not, as some have claimed, in danger of becoming an underclass. Within a single generation Puerto Rico has experienced social and economic shifts of an unprecedented magnitude. Island Paradox charts Puerto Rico's economic fortunes, summarizes the major demographic trends, and identifies the issues that will have the strongest bearings on Puerto Rico's prospects for a successful future. A Volume in the Russell Sage Foundation Census Series

The Tainos

Author : Irving Rouse
Publisher :
ISBN 13 : 9780300056969
Total Pages : 228 pages
Book Rating : 4.0/5 (569 download)

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Book Synopsis The Tainos by : Irving Rouse

Download or read book The Tainos written by Irving Rouse and published by . This book was released on 1992 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Tells the story of the Taino people from their ancestral days in South America through their migration to the northern Caribbean islands where they were the first natives to interact with Columbus, to their rapid and immediate decline under the European gifts of forced labor, malnutrition, disease, and dispersal. Includes a glossary without pronunciation. Annotation copyright by Book News, Inc., Portland, OR

Economic Study of Puerto Rico: General economic assessment; Federal programs and policies

Author : United States. Department of Commerce. Interagency Study Group
Publisher :
ISBN 13 :
Total Pages : 360 pages
Book Rating : 4.:/5 (42 download)

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Book Synopsis Economic Study of Puerto Rico: General economic assessment; Federal programs and policies by : United States. Department of Commerce. Interagency Study Group

Download or read book Economic Study of Puerto Rico: General economic assessment; Federal programs and policies written by United States. Department of Commerce. Interagency Study Group and published by . This book was released on 1979 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Puerto Rico

Author : Jorge Duany
Publisher : Oxford University Press
ISBN 13 : 0190648694
Total Pages : 209 pages
Book Rating : 4.1/5 (96 download)

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Book Synopsis Puerto Rico by : Jorge Duany

Download or read book Puerto Rico written by Jorge Duany and published by Oxford University Press. This book was released on 2017 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book begins with a historical overview of Puerto Rico during the Spanish colonial period (1493-1898). It then focuses on the first five decades of the U.S. colonial regime, particularly its efforts to control local, political, and economic institutions as well as to 'Americanize' the Island's culture and language. Jorge Duany delves into the demographic, economic, political, and cultural features of contemporary Puerto Rico--the inner workings of the Commonwealth government and the island's relationship to the United States. Lastly, the book explores the massive population displacement that has characterized Puerto Rico since the mid-20th century. Despite their ongoing colonial dilemma, Jorge Duany argues that Puerto Ricans display a strong national identity as a Spanish-speaking, Afro-Hispanic-Caribbean nation. While a popular tourist destination, few beyond its shores are familiar with its complex history and diverse culture.

Status of Puerto Rico

Author : United States-Puerto Rico Commission on the Status of Puerto Rico
Publisher :
ISBN 13 :
Total Pages : 284 pages
Book Rating : 4.3/5 (121 download)

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Book Synopsis Status of Puerto Rico by : United States-Puerto Rico Commission on the Status of Puerto Rico

Download or read book Status of Puerto Rico written by United States-Puerto Rico Commission on the Status of Puerto Rico and published by . This book was released on 1966 with total page 284 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Boom and Bust in Puerto Rico

Author : A. W. Maldonado
Publisher :
ISBN 13 : 9780268200978
Total Pages : 224 pages
Book Rating : 4.2/5 (9 download)

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Book Synopsis Boom and Bust in Puerto Rico by : A. W. Maldonado

Download or read book Boom and Bust in Puerto Rico written by A. W. Maldonado and published by . This book was released on 2021-08 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: Who is to blame for the economic and political crisis in Puerto Rico--the United States or Puerto Rico? This book provides a fascinating historical perspective on the problem and an unequivocal answer on who is to blame. In this engaging and approachable book, journalist A. W. Maldonado charts the rise and fall of the Puerto Rican economy and explains how a litany of bad political and fiscal policy decisions in Washington and Puerto Rico destroyed an "economic miracle." Under Operation Bootstrap in the 1950s and 60s, the rapid transformation and industrialization of the Puerto Rican economy was considered a "wonder of human history," a far cry from the economic "death spiral" the island's governor described in 2016. Boom and Bust in Puerto Rico is the story of how the demise of an obscure tax policy that encouraged investment and economic growth led to escalating budget deficits and the government's shocking default of its $70 billion debt. Maldonado also discusses the extent of the devastation from Hurricane Maria in 2017, the massive street protests during 2019, and the catastrophic earthquakes in January 2020. After illuminating the "century of misunderstanding" between Puerto Rico and the United States--the root cause of the economic crisis and the island's gridlocked debates about its political status--Maldonado concludes with projections about the future of the relationship. He argues that, in the end, the economic, fiscal, and political crises are the result of the breakdown and failure of Puerto Rican self-government. Boom and Bust in Puerto Rico is written for a wide audience, including students, economists, politicians, and general readers, all of whom will find it interesting and thought provoking.